Fungal Enzymes Market: Increase in research & development and technologically advanced products to drive the market
Global Fungal Enzymes Market: Introduction
The primary enzymes including protease, cellulase, xylanase, lipase, amylase, and phytase can be produced by different genera of fungal strains of Aspergillus, Rhizopus, and Penicilium. Utilization of new and emerging fungal enzymes in industrial production will present new occupational exposures. Industrial fungal enzymes are high molecular weight proteins that act as catalysts. Fungal enzymes from A. niger are used in powdered form with other enzyme extracts by pharmacists to prepare digestive powders.
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Key Drivers of Global Fungal Enzymes Market
Increase in Demand for Enzymes in Food & Beverage Industry
Enzymes or microorganisms have been used in food preparations for years. Advancement of technology has led to the development of novel enzymes with a range of applications and specificity, and new application areas are being explored. Microbial enzymes are the preferred source to plant or animal enzymes due to several advantages such as easy, cost-effective, and consistent production. Microbial enzymes play a major role in the food industry because these are more stable than plant and animal enzymes. Enzymes such as proteases, lipases, or xylanases have a range of applications in the food industry. Applications of α-amylases in the food industry include baking, brewing, starch liquefaction, as well as a digestive aid. The α-amylases are used as glazing agent for the production of rice cakes and powdery foods. Glucoamylases are utilized in the food industry for the production of high-glucose and high-fructose syrups.
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Increase in Industrial Fungal Enzymes
According to the European Commission, scientists in Europe studied novel enzymes of industrial interest in lignocellulose-degrading fungal species. These enzymes are more cost-effective and environmentally-friendly solutions for a number of industrial applications. Filamentous fungi are the preferred source of industrial enzymes because of the excellent capacity for extracellular protein production. Fungi have been and continue to be an important source of enzymes, both in terms of their role as a source for biological diversity and as a host for production of industrial enzyme products. Industrial fungal enzymes are high molecular weight proteins that are catalysts.
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North America to Account for Major Share of Global Fungal Enzymes Market
- North America is projected to account for major share of the global fungal enzymes market during the forecast period. The market in the region is anticipated to grow at a rapid pace in the next few years due to increase in research & development and technologically advanced products being introduced in the market. Europe is expected to be the second largest market during the forecast period owing to advanced facilities provided by the hospital infrastructure in the region.
- The fungal enzymes market in Asia Pacific is likely to expand at a high CAGR during the forecast period owing to the dense population and high birthrate
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Key Players Operating in Global Fungal Enzymes Market
The global fungal enzymes market is highly consolidated owing to the presence of several key players. Leading players operating in the global fungal enzymes market include:
- Novozymes A/S
- Chr. Hansen
- Advanced Enzymes
- AB Enzymes
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